# PPP loan: TOOL COMPONENTS, INC.
> **$695K** approved 04/07/2020 · Paid in Full · Loan `6491227002`
## Borrower
- **Name:** TOOL COMPONENTS, INC.
- **Address:** 240 E.ROSECRANS AVE, GARDENA, CA, 90248-1942
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $695K
- **Initial approval:** $695K
- **Forgiven:** $699K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Utilities:** $40K
- **Health care:** $100K
- **Jobs reported:** 65
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*